Home/Land Inheritance...

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lostjeremy
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Home/Land Inheritance...

Post by lostjeremy »

This is one of those things you dont want to think about but you have too for your kids sake.

I plan on kicking the bucket long before my wife but, God forbid, if something happened to her I'm curious about our house.


Our home/land is in the wifes name. I know a foreigner cant buy any property outside a condo, but can a foreigner inherit property? If not then hopefully it would be able to be inherited by minors, the kids?

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phuketrichard
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Re: Home/Land Inheritance...

Post by phuketrichard »

u cant own it, ur kids can, so make up a will designating them as next owners or her relatives will lay claim
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
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PSD-Kiwi
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Re: Home/Land Inheritance...

Post by PSD-Kiwi »

“If a foreigner inherits a property, and that property doesn’t have a strata title – or is not being held through a company with a Cambodian majority shareholder – he or she cannot assume ownership of the estate. In this situation, the law dictates that the estate becomes a legal entity, which the foreigner must sell within three months. The profits are then distributed among the heirs (including foreigners) and the entity is dissolved.

If the estate cannot be sold within three months, it must be handed over to the next inheritor in line holding Cambodian citizenship.”

https://www.b2b-cambodia.com/articles/g ... -cambodia/
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PSD-Kiwi
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Re: Home/Land Inheritance...

Post by PSD-Kiwi »

Be aware...

There’s also a law which states a minimum age for owning property, 16 iirc (?...will look for the relevant prakas and double check). So if your wife passes away, and your kids are under the minimum age, then they cannot inherit the property either.
Last edited by PSD-Kiwi on Sun Dec 31, 2017 12:46 pm, edited 1 time in total.
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that genius
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Re: Home/Land Inheritance...

Post by that genius »

Couldn't one then have a trust to administer it for them until they reach legal age?
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PSD-Kiwi
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Re: Home/Land Inheritance...

Post by PSD-Kiwi »

that genius wrote: Sun Dec 31, 2017 11:17 am Couldn't one then have a trust to administer it for them until they reach legal age?
That would be the best solution if possible. You’d have to find out what the deal with trusts are in Cambodia, I have no idea about trusts in Cambodia whether they’re even a thing.

Definitely worth looking into.
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PSD-Kiwi
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Re: Home/Land Inheritance...

Post by PSD-Kiwi »

Just looked up the relevant Prakas, minimum age for property ownership is actually 18!
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Duncan
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Re: Home/Land Inheritance...

Post by Duncan »

phuketrichard wrote: Sun Dec 31, 2017 9:18 am u cant own it, ur kids can, so make up a will designating them as next owners or her relatives will lay claim

You cannot make a will designating a property that is in your wife's name, to be inherited by your kids or anyone else for that matter. It's also impossible to tell your wife to make a will to leave it to the kids as she could change her will after you die or even sell it.
Cambodia,,,, Don't fall in love with her.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
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phuketrichard
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Re: Home/Land Inheritance...

Post by phuketrichard »

I plan on kicking the bucket long before my wife but, God forbid, if something happened to her I'm curious about our house.
I read this as he is asking, IF his wife dies first, so his wife needs the will leaving it to the kids before mom,pop, sis, brother step in...
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
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Kammekor
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Re: Home/Land Inheritance...

Post by Kammekor »

lostjeremy wrote: Sun Dec 31, 2017 7:54 am This is one of those things you dont want to think about but you have too for your kids sake.

I plan on kicking the bucket long before my wife but, God forbid, if something happened to her I'm curious about our house.


Our home/land is in the wifes name. I know a foreigner cant buy any property outside a condo, but can a foreigner inherit property? If not then hopefully it would be able to be inherited by minors, the kids?

Sent from my CPH1605 using Tapatalk
Have you been legally married?

If not, it changes the situation completely.
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